Maharashtra: Now get society land ownership within one month
MUMBAI: A housing society that will pass a resolution of selfredevelopment with majority and shall apply for deemed conveyance or ownership of the land on which it is situated, shall get the same within one month, a government resolution said.
As per the earlier resolution, any decision on application for deemed conveyance was supposed to be made within six months of the date of application.
Now, the GR suggests that the competent authority such as district deputy registrar (DDR) of cooperatives shall have to issue notice to the landowner or builder soon after the housing society submits the resolution and the application.
Sources said the DDR or competent officer will have to immediately summon the builder or landowner for hearing and upon holding hearings every week, shall have to decide on issuing deemed conveyance or land
ownership to the housing society.
Maharashtra Societies Welfare Association president Ramesh Prabhu said out of 40,000 housing societies in Mumbai city, around 10,000
Meanwhile, sources said the government would not insist on fool-proof submission of documents if societies lacked any while applying for the deemed conveyance. Also the stamp duty that will be collected from each flat owner in the society would be nominal Rs 100.
Presently there are several societies whose lands were still owned by the builder even after two to three decades of selling out all the flats.
Mumbai metro region including the city has around 75,000 to 80,000 housing societies spread over Mumbai, Thane, Palghar and Raigad. In the absence of deemed conveyance the land ownership of housing societies is still in the hands of builders who rent out terraces to celltower and advertisement companies, besides selling or using parking, TDRs and FSIs to earn money
Source: realty.economictimes.indiatimes.com
Back to All: News Updates
